Topic
IPO
617 published works
M & A Law Prof Blog
Apple, Risk and “Appropriate” Investments
Here is a true story:In 1980 Apple Computer famously went public. At the time, blue sky laws in each of the fifty states had yet to be preempted by Congress. …
M & A Law Prof Blog
China and The Global Listings Market
According to a forecast issued by PwC, new issuers on the mainland Chinese markets are set to raise over $52 billion in capital this year. If the figure proves correct…
Antitrust Law Blog
IPO Underwriters Win Broad Antitrust Immunity In Supreme Court
Introduction On June 18, 2007, the United States Supreme Court ruled in a 7-1 decision that investment banks are immune from antitrust scrutiny in connection with syndication and marketing techniques…
Securities Law Prof Blog
KKR Plans Post-IPO Strategy
KKR will use its $1.25 billion IPO to transform the private equity firm into an investment company that will compete with the big investment banks. It also hopes to reduce…
Securities Law Prof Blog
Another Hedge Fund Plans IPO
Och-Ziff Capital Management, a $26.8 billion hedge fund, filed for a $2 billion IPO. It is described as the first "pure-play" American hedge fund to seek public financing. According to…
M & A Law Prof Blog
Blackstone’s Successful IPO?
As I write, Blackstone is now trading at $30.32 per unit, slightly below the initial public offering price of $31 a unit. And many a commentator is now saying the…
Securities Law Prof Blog
Blackstone Goes Public
Despite calls this week from Congressmen to postpone its IPO because of tax and security concerns, Blackstone Group goes public today, having sold its shares at $31 per share, for…
Securities Law Prof Blog
Does Blackstone IPO Jeopardize National Security?
As the Blackstone Group's IPO approaches, Congress has been debating the tax treatment of private equity firms. Yesterday Senator Jim Webb (D. Va) raised another concern and asked the SEC…
The D&O Diary
Supreme Court Rejects IPO Laddering Antitrust Case
The Supreme Court still has not yet issued its much-anticipated decision in the Tellabs case (about which refer here), but it did issue a 7-1 decision today (refer here) in…
Securities Law Prof Blog
Supreme Court Holds Securities Laws Prevent Antitrust Claims Against Underwriters
The Supreme Court (7-1 vote) held, in Credit Suisse First Boston v. Billing, that the federal securities laws prevent private antitrust claims against several underwriters of IPOs in connection with…